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The global 3D printing market reached a value of US$ 16 Billion in 2021.
According to the estimates by IMARC Group, the global 3D printing market is expected to grow at a CAGR of 24.1% during 2022-2027.
Increasing application of 3D printing across diverse industries based on its numerous advantages, such as high durability, stability, flexibility, and sensitivity, along with lower raw material wastage, is primarily driving the demand for 3D printing across the globe.
The advent of metal 3D printing technology, such as binder jetting, for minimizing the overall manufacturing time and costs, represents one of the key trends in the global 3D printing market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in limited operations of 3D printers to produce on-demand materials and equipment for numerous critical services, particularly in the healthcare sector.
On the basis of the technology, the market has been bifurcated into stereolithography, fused deposition modeling, selective laser sintering, electron beam melting, digital light processing, and others.
On the basis of the process, the market has been classified into binder jetting, directed energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination, and vat photopolymerization. At present, binder jetting exhibits a clear dominance in the market.
On the basis of the material, the market has been categorized into photopolymers, plastics, metals and ceramics, and others. Photopolymers currently account for the majority of the total market share.
On the basis of the offering, the market has been segregated into services, printer, material, and software. Amongst these, printer currently accounts for the largest market share.
On the basis of the application, the market has been divided into prototyping, tooling, and functional part manufacturing. At present, prototyping exhibits a clear dominance in the market.
On the basis of the end user, the market has been bifurcated into consumer products, machinery, healthcare, aerospace, automobile, and others. Consumer products currently account for the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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